GlobalFoundries (NASDAQ:GFS – Get Free Report)‘s stock had its “buy” rating restated by research analysts at TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They currently have a $75.00 target price on the stock. TD Cowen’s target price would indicate a potential upside of 56.53% from the stock’s current price.
Several other research firms have also commented on GFS. Wedbush reaffirmed a “neutral” rating and set a $72.00 price objective on shares of GlobalFoundries in a research note on Thursday. Morgan Stanley restated a “negative” rating and issued a $60.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Robert W. Baird set a $140.00 price target on shares of GlobalFoundries in a research note on Thursday, August 6th. Jefferies Financial Group set a $60.00 price target on shares of GlobalFoundries in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of GlobalFoundries in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $75.79.
Read Our Latest Research Report on GlobalFoundries
GlobalFoundries Trading Down 2.1%
GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Analysts forecast that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Pradheepa Raman sold 2,145 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $48.83, for a total value of $104,740.35. Following the transaction, the insider directly owned 2,145 shares in the company, valued at approximately $104,740.35. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $58.22, for a total transaction of $232,880.00. Following the completion of the transaction, the director directly owned 14,867 shares in the company, valued at $865,556.74. This represents a 21.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,590 shares of company stock valued at $859,087 over the last three months.
Institutional Investors Weigh In On GlobalFoundries
Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares in the last quarter. Global Assets Advisory LLC bought a new stake in GlobalFoundries during the first quarter valued at about $53,000. FNY Investment Advisers LLC purchased a new position in GlobalFoundries in the second quarter valued at about $60,000. Western Wealth Management LLC bought a new position in GlobalFoundries in the first quarter worth about $68,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of GlobalFoundries by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after buying an additional 154 shares in the last quarter.
GlobalFoundries News Roundup
Here are the key news stories impacting GlobalFoundries this week:
- Positive Sentiment: Japan plans to provide up to $21 billion to support two new GlobalFoundries-operated semiconductor fabs in New York. The facilities could add as much as 1.8 million 300mm wafers of annual capacity, while allowing GlobalFoundries to expand without funding the full construction cost. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
- Positive Sentiment: The agreement strengthens GlobalFoundries’ position in domestic and allied semiconductor supply chains, with reported commercial interest from Apple, General Motors, Cirrus Logic and Renesas. The first fab is expected to begin construction in late 2026, with meaningful revenue contributions projected around 2029. GlobalFoundries selected to operate two new semiconductor fabs
- Positive Sentiment: TD Cowen reaffirmed a Buy rating with a $75 price target, while Wedbush maintained a Neutral rating but raised its target to $72. Both targets imply substantial upside from recent trading levels.
- Neutral Sentiment: The U.S. government is reportedly increasing its equity stake in GlobalFoundries, potentially from 3% to 7%. Government participation may reinforce strategic support, but the associated equity issuance or stake changes could dilute existing shareholders. Japan Is Putting Up to $21 Billion Into New GlobalFoundries Chip Plants
- Negative Sentiment: The pullback reflects profit-taking after the previous day’s deal-driven advance. Investors must also weigh execution risks, construction delays and the long wait before the new fabs generate revenue. Existing valuation metrics remain demanding, with the stock trading at roughly 38 times earnings.
GlobalFoundries Company Profile
GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.
Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.
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